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PAPSS (Pilot)

Pan African Payment & Settlement System

Scheme name: Pan African Payment & Settlement System

IIPS Type: Bank

Instruments: Credit EFT, Debit EFT

Channels: Browser, App, Branch

Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Inventory & business services (B2B), Salaries & wages (B2P), Cross-border

Inclusivity level: Not ranked

Year of establishment: 2022

System owner: PAPSS Governing Council

Overseer: PAPSS Governing Council

Operator: PAPSS Management Board

Total Participants: 54

Back to mapMore information about this topic
CategoryPan African Payment & Settlement System
Geographic reachRegional
Geographic descriptionPAPSS (Pilot)
Scheme governancePAPSS Governing Council
Settlement agentAfrican Export–Import Bank
Participants - commercial banks54
Participants - MMOs0
Participants - non-bank PSPs0
Participants - MFIs0
Values 2023 not-on-us transactions (US$)غير متوفر USD
Values 2023 on-us transactions (US$)N/A
Total value of instant payment transactions 2023 (US$)N/A
Interoperability arrangementPayment system operator
Ownership modelJointly owned
Governance TypologyPPP
Scheme rules shared or publically available?No
Messaging standardISO 20022
Types of proxy IDsMobile phone number; E-mail; National ID
Use of open APIsYes
QR code standard N/A
Pro-poor governanceNo
CB governance involvementYes
Expanded use casesNo
Minimum channel functionalityNo
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)No
RecourseNo
Not-for-lossNo
StatusAlmost at basic level
Strengths/driversGiven that minimum use case is already enabled, PAPSS can reach basic level once minimum channel is also enabled.
Areas of developmentTo reach basic criteria the system should enable the minimum channel, i.e. enabling mobile money in addition to bank.

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